In October, Gartner published its 2020 Magic Quadrant for Industrial Internet of Things (IIoT) Platforms report, in which it recognized Hitachi as a Leader in the market. Any placement in this series of Gartner reports on market direction and maturity is notable, let alone this designation. Wenco is proud to recognize the success our parent and sister companies are having in this evolving field with Lumada.
Keen observers of Hitachi’s announcement will notice that Wenco International Mining Systems was singled out among Hitachi group companies and that Wenco’s President and CEO Andrew Pyne was quoted, saying “Hitachi is uniquely able to leverage its many decades of experience in operational technologies such as mining. …” (Read the full press release from Hitachi in Hitachi Vantara’s newsroom.) Before we get to why you should care, here’s a quick primer on what the Gartner Magic Quadrant is:
What is a Gartner Magic Quadrant?
Created by Gartner, Inc., a leading global research and advisory firm, Magic Quadrants offer visual snapshots, in-depth analyses and actionable advice that provide insight into a market’s direction, maturity and participants. They are developed based on rigorous, fact-based analysis, backed by a highly structured methodology that is a culmination of research in a specific market that gives you a wide-angle view of the relative positions of the market’s competitors. You can learn all about them here: https://www.gartner.com/en/research/methodologies/magic-quadrants-research.
Hitachi’s placement in the Leaders quadrant of the 2020 Magic Quadrant for Industrial IoT Platforms indicates that Gartner believes Hitachi and its group companies are both executing well in the market against their current vision and are well positioned to succeed in the future.
Why does this matter to the mining industry?
The mining industry is becoming increasingly digitalized and data-driven – this trend is poised to continue growing in coming years. IIoT and other digital technologies are a fundamental part of this journey.
Executives in mining and other industries can leverage Gartner’s research and advisory to better understand what digital technologies can make a positive impact on their business, how those technology markets are evolving, the providers that compete in them and the strengths and weaknesses of their offerings and strategies. For these reasons, Gartner is very influential with top mining and industrial executives looking to use data to transform their businesses.
Wenco is collaborating with Hitachi to continue to bring our deep expertise and experience in the mining industry to Lumada solutions for mining and industrial customers, and to further integrate Lumada’s machine learning and predictive technologies into Wenco’s own solutions. And as Wenco is part of the Hitachi family of companies, our customers are invited to participate in the Gartner Industrial IoT Magic Quadrant evaluation process each year to share their experiences.
As Pyne said in Hitachi’s recent announcement: “Clients have told us that the future of mining depends on standards-based interoperability of systems and the ability to extract actionable insights from data to maximize asset availability and productivity. Hitachi is uniquely able to leverage its many decades of experience in operational technologies such as mining, manufacturing, transportation and energy with the industry-leading machine learning and data analytics of the Lumada portfolio. This helps clients modernize their operations through open systems, data intelligence, digitalization and material movement automation that are shaping the mining industry in the digital age.”
How do I learn more about Wenco’s vision for data use in the mining industry?
Gartner, Inc., Magic Quadrant for Industrial IoT Platforms, Eric Goodness, Scot Kim, Ted Friedman, Alfonso Velosa, Emil Berthelsen, Amitesh Shrivastava, June 25, 2020.
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